Last week, at the 2023 HIRI Summit, keynote speaker Liza Hausman, vice president of industry marketing for Houzz, shared four key focus areas of consumer behavior that retailers can focus on to be sure they are meeting their customers’ needs. …
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Record Number of Consumers to Celebrate Halloween in 2023
Total Halloween spending in 2023 is expected to reach a record $12.2 billion, outpacing last year’s record of $10.6 billion, according to the National Retail Federation’s (NRF) annual survey conducted by Prosper Insights & Analytics. A record number of people, …
Read More »8 Stats About Current Customer Shopping Habits
AS YOU SHAPE YOUR merchandising, product procurement and operations strategies, knowing customers’ purchasing tendencies will set you up for success. Dig into eight stats from the How to Sell Direct in the Age of the Conflicted Shopper Report from logistics …
Read More »NRF Says Consumers Still Spending in Light of Inflation Woes
In the latest Monthly Economic Review from the National Retail Federation (NRF), chief economist Jack Kleinhenz says that consumers are worried about high inflation and increased interest rates but are still spending. Overall retail sales reported by the Census Bureau …
Read More »Consumers React to Supply Chain Issues and Inflation
Morning Consult, a global decision intelligence company delivering insights and custom market research on what people think in real-time, released its U.S. Supply Chains Report in April 2022. The report evaluated the impact of ongoing supply chain issues and rising …
Read More »NRF Projects 2021 Retail Sales to Top $4.4T
The National Retail Federation (NRF) is upwardly revising its estimate on how much consumers will spend across retail sectors in 2021. The organization’s new estimate now stands at $4.4 trillion, and the NRF expects sales to grow between 10.5 and …
Read More »How the Pandemic Is Spurring Home Paint Projects
Julie Elrod, business manager for paint at Ace Hardware Corp., took questions from Hardware Retailing about recent research the co-op released. Ace commissioned the survey of 1,300 Americans to see how COVID-19 has impacted consumer interest in paint projects. Hardware Retailing (HR): …
Read More »August Home Improvement Retail Sales Rise 12% Over 2019
Home improvement sales are still strong compared to 2019, the latest U.S. retail sales data from the U.S. Census Bureau shows. In August, home improvement sales (NAICS 444) stood at a seasonally unadjusted rate of $37.4 billion, up 12 percent …
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